Exam 12: The Benefit Determination Process

What is the role of the government impetus in the development of employee benefits?

Which of the following would an employer be least likely to use if they sought to reduce benefit costs?

Which of the following is not a part of the cost-centered approach for deciding to provide a benefit?

Flexible benefit plans are complex requiring many choices that lead to poor employee understanding of benefits.

The ideal approach to determining employee benefit preferences is a flexible benefit plan.

Most employers are pleased that 3 Americans in 10 stayed in a job they wanted to leave simply because they could not give up their health-care coverage.

The "bandwagon" effect is when an employer offers a new benefit offered by a competitor without careful consideration.

_____ is not an example of an approach to customer-driven health care.

Which are the four major administration issues regarding in setting up a benefit package?

_____ is/are one of the most preferred benefits.

What are the major disadvantages of a flexible benefits package?

For most benefits,providing a level of coverage is more costly to employers than providing a benefit at a specific cost level.

The favorable tax status granted to many benefits is safe from the threat of recurrent tax reform proposals.

Surveys show that the most highly valued benefit is:

Alternatives to financing benefit plans include all of the following except:

Before World War II,hourly employees were given time off for holidays but without pay.

The __________ act requires individuals to maintain minimal essential health insurance coverage or pay a penalty unless exempted for religious beliefs or financial hardship.

Flexible benefits allow organizations to control benefit costs.

One study suggests that benefits focusing on work/life balance lead to greater worker involvement in productivity initiatives.

Which if the most popular empirical method of identifying individual preferences in benefits packages?